DR Congo Economic Outlook
May 26, 2020The coronavirus pandemic is taking a heavy toll on the economy, after growth lost traction in 2019 on falling output in the all-important mining sector. Confinement measures imposed by the government to contain the spread of the virus are hurting consumer-facing sectors, and hampering domestic demand and government revenue. Moreover, disrupted transport and logistics due to lockdowns abroad have delayed mining supplies and pushed up prices for sulphur—a key ingredient in cobalt and copper mining—adding further pressure on the mining sector, which is already crippled by feeble global demand for primary commodities.
DR Congo Economic GrowthGDP is expected to contract this year as Covid-19 deals a blow to the economy. Social distancing measures are set to constrain household spending, while crippled global demand for base metals will depress exports. Although support from multilateral organizations will help mitigate the fallout, risks are tilted to the downside. FocusEconomics panelists project GDP falling 0.4% in 2020, which is down 1.2 percentage points from last month’s forecast. For 2021, the panel sees growth at 2.8%.
DR Congo Economy Data
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5 years of DR Congo economic forecasts for more than 30 economic indicators.
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DR Congo Facts
|Exchange Rate||1,687||-0.78 %||Jan 01|
|Stock Market||0.6||0.0 %||Jan 07|
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